Bill Mitchell: Zero trading in 10-year Japanese government bonds signals Bank of Japan supremacy

The lack of trading in the 10-year JGB is a sign that the gamblers in the investment banks have given up their power play against the Bank of Japan.

They have finally got the message – for the time being – that the Bank will continue to run the show and trying to bet against that is just a loss-making activity.

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File:Bank of Japan headquarters in Tokyo, Japan.jpg

Bank of Japan  Wikimedia Commons

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